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Recent research from the Association of Investment Companies suggests that 78% of investors plan to make use of their ISA allowance this year. 40% plan to use only the shares element , representing a 1% rise since last year, while just over a quarter plan to use both their cash ISA and investment ISA allowance, again representing a 1% increase on the previous year. more

A recent survey conducted by NS&I indicates that the demographic of ISA savers has undergone quite a few changes in recent years. A survey of over 1,200 UK adults revealed some interesting insights into the behavior of savers in the past few years. more

Sales of investment funds slow

29 January 2008 / by None

The final months of 2007 saw investors "re-evaluate" their portfolios as the credit crunch continued to reverberate through the industry.

Investments into UK-based unit trusts and open-ended investment companies were down 11 per cent in December to £4.69 billion, according to an industry association.

Data from the Investment Management Association (IMA) shows that, while the majority of the year saw good market performance similar to the previous year, the closing months herald an uncertain coming year, the Press Association reports.

Richard Saunders, chief executive of the IMA, said: "As the impact of the credit crunch began to be felt, investors significantly re-evaluated their portfolios and the industry experienced its first overall retail outflows in 15 years."

However, net sales to individuals continued to be strong in 2007 totalling £15.3 billion, the report continues.

The IMA has announced that investment funds under management of £468 billion in December saw a one per cent increase from November and a 14 per cent increase from December 2006.